State Program Performance Data

State Program Performance Data

Monthly State Program Performance Data & Trends

California

Key Program Metrics Snapshot
(as of January 31, 2021)

Program Performance Indicators, Monthly Percent Change 
(as of January 31, 2021)

  12/31/20 1/31/21 Percent Change 12/31/20-1/31/21
Total Assets $28,369,064 $35,846,458.11 26.4%
Total Funded Accounts 96,018 106,581 11.0%
Total Withdrawals $2,219,957 $3,033,898.44 36.7%
Accounts with Withdrawals 7,224 9,827 36.0%
Average Deferral Rate 5.01% 5.12%
Average Monthly Contribution Amount $113.91 $114.22 0.3%

 

Average Funded Account Balance $295.46 $336.33 13.8%
Effective Opt Out Rates 30.45% 29.71%
Total Registered Employers 7,278 8,029

 

10.3%
Total Added Employee Data 4,345 4,912 13.0%

 

Total Submitting Payroll Deductions 2,203 2,537 15.2%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers.

Illinois

Key Program Metrics Snapshot
(as of January 31, 2021)

Program Performance Indicators, Monthly Percent Change 
(as of January 31, 2021)

   

12/31/20

 

1/31/21

Percent Change 12/31/20-1/31/21
Total Assets $46,989,252 $48,803,339 3.9%
Total Funded Accounts 79,837 81,644 2.3%
Total Withdrawals $6,185,084 $6,896,037 11.5%
Accounts with Withdrawals  

13,630

 

14,599

 

7.1%

Average Deferral Rate 5.01% 5.02%
Average Monthly Contribution Amount  

$96.60

 

$93.96

 

-2.7%

Average Funded Account Balance  

$588.56

 

$597.76

 

1.6%

Effective Opt Out Rates 35.99% 35.57%
Total Registered Employers  

6,087

 

6,096

 

.15%

Total Added Employee Data  

3,959

 

3,985

 

.66%

Total Submitting Payroll Deductions  

2,705

 

2,763

 

2.1%

Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from IL Secure Choice.

Oregon

Key Program Metrics Snapshot
(as of January 31, 2021)

Program Performance Indicators, Monthly Percent Change 
(as of January 31, 2021)

  12/31/20 1/31/21 Percent Change  12/31/20-1/31/21
Total Assets $84,741,739 $87,886,663 3.71%
Total Funded Accounts 87,909 89,858 2.22%
Total Withdrawals $20,783,720 $22,220,896 6.91%
Accounts with Withdrawals 19,697 20,612 4.65%
Average Deferral Rate 5.30% 5.60%
Average Monthly Contribution Amount $134 $130 -2.99%
Average Funded Account Balance $964 $978 1.45%
Effective Opt Out Rates 34.10% 34.50%
Total Registered Employers 16,292 16,704 2.53%
Total Added Employee Data 13,772 14,306 3.88%
Total Submitting Payroll Deductions 6,531 6,857 4.99%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from OregonSaves.

Monthly Cumulative State Program Performance Metrics (CA, IL, and OR)

Key Program Metrics Snapshot (CA, IL and OR)
(as of January 31, 2021)

Program Performance Indicators
Monthly Percent Change 

(as of January 31, 2021)

  12/31/20 1/31/21 Percent Change 12/31/20-1/31/21
Total Assets $160,100,055 $172,536,460 7.77%
Total Funded Accounts 263,764 278,083 5.43%
Total Registered Employers 29,657 30,829 3.95%
Total Added Employee Data 22,076 23,203 5.11%
Total Submitting Payroll Deductions 11,439 12,157 6.28%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers, IL Secure Choice, and OregonSaves.

Massachusetts
Key Program Metrics Snapshot

Washington
Key Program Metrics Snapshot

Quarterly State Program Performance Data & Trends

California

  6/30/20 9/30/20 Percent Change  6/30/20-9/30/20 12/31/20 Percent Change  9/30/20-12/31/20 Percent Change  6/30/20-12/31/20
Total Assets $5,222,591 $11,026,726 111.1% $28,369,064 157.3% 443.2%
Total Funded Accounts 15,120 27,544 82.2% 96,018 248.6% 535.0%
Total Withdrawals $466,367 $955,143 104.8% $2,219,958 132.4% 376.0%
Accounts with Withdrawals 1,234 2,656 115.2% 7,224 172.0% 485.4%
Average Deferral Rate 5.03% 5.03% 5.01%
Average Monthly Contribution Amount $133.72 $126.48 -5.4% $113.91 -9.9% -14.8%
Average Funded Account Balance $345.41 $400.33 15.9% $295.46 -26.2% -14.5%
Effective Opt Out Rates 29.92% 34.54% 30.45%
Total Registered Employers 1,885

 

3,500 85.7% 7,278 107.9% 286.1%
Total Added Employee Data 1,224 2,074 69.4% 4,345 109.5% 255.0%
Total Submitting Payroll Deductions 555 855 54.1% 2,203 157.7% 296.9%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers.

Illinois

  6/30/20 9/30/20 Percent Change  6/30/20-9/30/20 12/31/20 Percent Change  9/30/20-12/31/20 Percent Change  6/30/20-12/31/20
Total Assets $26,469,940 $35,187,947 32.9% $46,989,252 33.5% 77.5%
Total Funded Accounts 65,933 71,568 8.5% 79,837 11.6% 21.1%
Total Withdrawals $3,233,201 $4,451,422 37.7% $6,185,084 38.9% 91.3%
Accounts with Withdrawals 10,164 11,724 15.3% 13,630 16.3% 34.1%
Average Deferral Rate 5.01% 5.02% 5.01%
Average Monthly Contribution Amount $97.49 $96.39 -1.1% $96.60 0.2% -0.9%
Average Funded Account Balance $401.47 $491.67 22.5% $588.56 19.7% 46.6%
Effective Opt Out Rates 38.37% 37.12% 35.99%
Total Registered Employers 5,540

 

5,843 5.5% 6,087 4.2% 9.9%
Total Added Employee Data 3,516 3,685 4.8% 3,959 7.4% 12.6%
Total Submitting Payroll Deductions 2,460 2,527 2.7% 2,705 7.0% 10.0%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from IL Secure Choice.

Oregon

  6/30/20 9/30/20 Percent Change 6/30/20-9/30/20 12/31/20 Percent Change

9/30/20-12/31/20

Percent Change 6/30/20-12/31/20
Total Assets $58,159,405 $69,167,837 18.9% $84,741,739 22.5% 45.7%
Total Funded Accounts 70,054 74,333 6.1% 87,909 18.3% 25.5%
Total Withdrawals $14,505,312 $17,193,138 18.5% $20,783,720 20.9% 43.3%
Accounts with Withdrawals 16,083 17,724 10.2% 19, 697 11.1% 22.5%
Average Deferral Rate 5.38% 5.35% 5.30%
Average Monthly Contribution Amount $137.97 $136.17 -1.3% $134 -1.6%

 

-2.9%
Average Funded Account Balance $830.21 $930.51 12.1% $964 3.6% 16.1%

 

Effective Opt Out Rates 35.53% 33.63% 34.10%
Total Registered Employers 14,067 14,235 1.2% 16,292 14.5% 15.8%
Total Added Employee Data 11,244 11,584 3.0% 13,772 18.9% 22.5%
Total Submitting Payroll Deductions 5,720 6,038 5.6% 6,531 8.2% 14.2%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from OregonSaves.

Quarterly Cumulative State Program Performance Metrics (CA, IL, and OR)

  6/30/20 9/30/20 Percent Change  6/30/20-9/30/20 12/31/20 Percent Change 9/30/20-12/31/20 Percent Change 6/30/20-12/31/20
Total Assets $89,851,936 $115,382,510 28.4% $160,100,055 38.8% 78.2%
Total Funded Accounts 151,107 173,445 14.8% 263,764 52.1% 74.6%
Total Registered Employers 21,492 23,578 9.7% 29,657 25.8% 38.0%
Total Added Employee Data 15,984 17,343 8.5% 22,076 27.3% 38.1%
Total Submitting Payroll Deductions 8,735 9,420 7.8% 11,439 21.4% 31.0%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers, IL Secure Choice, and OregonSaves.

Annual State Program Performance Data & Trends

Individual State Program Performance Data, September 2019-September 2020

3-State Comparison of Program Performance, September 2019-September 2020
(OregonSaves, Illinois Secure Choice, and CalSavers)